Energy Transfer
RECENT HISTORY
   
2015  
  • ETP and Regency Partners, LP (RGP) announce plans to merge in an $18 billion unit-for-unit transaction. RGP will become wholly owned subsidiary of ETP, but will cease to be a publicly traded partnership. The merger would make ETP the second-largest MLP and increase its diversification both geographically, with operations in substantially all major producing areas in the U.S., and across business lines. The transaction is expected to close in the second quarter of 2015.
   
2014  
  • ETP and ETE announce final terms of Bakken Pipeline Project and SXL GP/IDR exchange scheduled to close in first quarter of 2015. ETP receives for redemption of 30.8 million ETP common units owned by ETE, ETE’s 45% interest in the Bakken Pipeline, $879 million in cash, plus reimbursement for development expenses in exchange for a 40% interest in the SXL GP/IDRs through additional Class H units to be issued by ETP. IDR subsidies from ETE to ETP are reduced by $55 million in 2015 and $30 million in 2016. Upon closing, ETE would own 90.05% interest in the SXL GP/IDRs through Class H Units.
  • ETP acquires Susser Holdings (NYSE: SUSS) and the General Partner of Susser Petroleum Partners L.P. (NYSE: SUSP) in a units and cash transaction valued at $1.8 billion. SUSP is renamed Sunoco LP (NYSE: SUN); MACs/Tigermarket stores are the first of the retail assets ETP dropped down to the new SUN; SUN acquires Hawaii-based Aloha Petroleum.
  • The Lone Star joint venture between ETP and RGP announces a 533-mile, 24- and 30-inch natural gas liquids pipeline from the Permian Basin to Mont Belvieu and plans to convert Lone Star’s existing West Texas 12-inch NGL pipeline into crude oil/condensate service.
  • The Lone Star JV also announces a third 100,000 Bbl/day fractionation plant at Mont Belvieu.
  • ETP announces the Rover natural gas pipeline to connect Marcellus and Utica Shale supplies to markets in the Midwest, Great Lakes, and Gulf Coast regions of the United States and Canada. The Rover Pipeline, now estimated to cost approximately $3.7 billion and owned 65% by ETP and 35% by AE-Midco Rover, is scheduled to be in service to the Midwest Hub near Defiance, Ohio by the end of 2016 and from the Midwest Hub to markets in Michigan and the Union Gas Dawn Hub by mid-2017.
  • A new 1,100-mile pipeline is announced that will transport crude from the Bakken to Patoka, Illinois, where it will interconnect with the Trunkline Pipeline, which is being converted from natural gas to crude service. From Patoka, shippers can access Midwest and East Coast markets by rail as well as the Gulf Coast to the Nederland, Texas crude oil terminalling facility of SXL. This approximate $5 billion project, now called Bakken Pipeline Project and a joint venture between ETP (75%) and Phillips 66 (25%), is scheduled to be in service by the end of 2016.
  • To service the growing Eagle Ford and Eaglebine production areas of Texas, ETP announces the new 200 MMcf/day East Texas and REM Eagle Ford Plant II cryogenic gas processing plants and the 70-mile Volunteer pipeline.
  • ETP’s Houston Pipe Line Company LP and Oasis Pipeline, LP announce 15-year agreements with Comisión Federal De Electricidad to provide natural gas transportation service for 930,000 MMBtu of natural gas per day to Mexico.
  • ETP announces a long-term agreement with XTO Energy to provide gathering and processing services in the Permian Basin. The project, now completed, includes the 180 MMcf/d Rebel processing plant in Glasscock County and over 100 miles of high pressure and low pressure gathering pipelines connecting to the plant.
  • ETP transfers to ETE its ownership in Lake Charles LNG in exchange for 18.7 million ETP common units held by ETE. The units are redeemed by ETP.
  • To further simplify structure, Southern Union and PEPL Holdings are merged into Panhandle, owned by ETP.
  • ETP sells 18.9 million AmeriGas common units it originally received in connection with the contribution of its propane business to AmeriGas in January 2012.
   
2013  
  • ETE announces a two-for-one unit split (completed January 2014), a $1 billion unit buyback program, and commits to purchase $400 million of RGP’s common units as part of the consideration for RGP's $1.3 billion acquisition of the midstream business of Eagle Rock Energy Partners.
  • Completed transactions to simplify partnership structure with the contribution of SUGS to Regency and ETP's acquisition of ETE interest in ETP Holdco.
  • Announced plans with SXL and Lone Star, to construct a liquefied petroleum gas (LPG) export/import facility on the Gulf Coast, and executed long-term, fee based agreements with anchor tentant.
  • Received DOE approval to export liquefied natural gas ("LNG") from our existing Lake Charles facility for up to 15 million metric tons, and subsequently entered into a project development agreement with BG to jointly develop the LNG export project.
  • Closed on the exchange of 50.16 million ETP common units previously owned by ETE, for new Class H units issued by ETP that track 50% of the underlying economics of the general partner and IDRs of SXL.
  • Placed in-service Lone Star's second fractionator at its facility in Mont Belvieu, Texas, bringing Lone Star's total fractionation capacity at Mont Belvieu to 200,000 barrels per day.
  • Completed the sale of the assets of Missouri Gas Energy to Laclede Gas Company, for $975 million.
   
2012  
  • Completed contribution of propane business to AmeriGas Partners, L.P.
  • Announced a second Mont Belvieu fractionation plant and expansion of Eagle Ford projects.
  • ETE completed the merger with Southern Union Company; ETP acquired Southern Union's 50% interest in Citrus Corp., which owns Florida Gas Transmission.
  • ETP completed the merger with Sunoco, Inc.; ETP acquired Sunoco’s general partner interests, incentive distribution rights, and 32.4% limited partner interest in Sunoco Logistics Partners, L.P.
  • At completion of merger with Sunoco, Inc., ETP Holdco Corporation is formed to improve operating efficiency of assets.
  • Announced plans to sell regulated utilities to Laclede Gas Company, Inc.
   
2011
  • ETP and Regency acquired the natural gas liquids (NGL) business of Louis Dreyfus Highbridge Energy and formed Lone Star NGL JV.
  • Lone Star NGL JV announced new Mont Belvieu fractionation plant and West Texas NGL pipeline projects to significantly expand liquids platform.
  • Expansion of Eagle Ford shale projects with the Rich Eagle Ford Mainline pipeline and new processing facility in Jackson County, TX.
   
2010
  • FEP and Tiger completed ahead of schedule and significantly under budget.
  • ETE completes acquisition of the general partner of Regency Energy Partners.
   
2009
  • MEP completed and placed in-service.
  • Completed Phoenix and San Juan projects, expanding Transwestern Pipeline.
  • Initiated open season for new interstate gas pipeline, Tiger Pipeline.
   
2008
  • Completed and placed into service several large diameter pipelines, including Southeast Bossier, Paris Loop and Carthage Loop pipelines.
  • Initiated open season for new interstate gas pipeline, Fayetteville Express Pipeline ("FEP"), a 50/50 joint venture with KMP.
   
2007
  • Completed the first 42-inch diameter natural gas pipeline in the state of Texas in 2007.
  • Initiated open season for new interstate gas pipeline, Midcontinent Express Pipeline ("MEP"), a 50/50 joint venture with Kinder Morgan Energy Partners ("KMP").
   
2006
  • Energy Transfer Equity was formed in 2002 and was privately held until February 2006, when ETE completed its IPO. Public trading of ETE units began on February 3, 2006 on the NYSE ticker symbol ETE.
  • ETP acquired Transwestern Pipeline.
   
2005
  • ETP acquired Houston Pipeline.
   
2004
  • ETP acquired the TUFCO pipeline system.
  • Energy Transfer Partners, L.P. (NYSE:ETP) became a publicly traded partnership.